Eligible Participant definition

Eligible Participant means an employee, officer, consultant or director of the Company or any Affiliate.

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Eligible Participant means any person who is an Independent Director on the Effective Date or becomes an Independent Director while this Plan is in effect; except that during any period a director is prohibited from participating in the Plan by his or her employer or otherwise waives participation in the Plan, such director shall not be an Eligible Participant.

Eligible Participant means any employee, director, officer, consultant, or advisor of the Company who is determined (in accordance with the provisions of Section 4 hereof) to be eligible to receive an Option or Stock Award hereunder.

Examples of Eligible Participant in a sentence

• The Trust Administrator shall distribute any net proceeds of a sale made under the preceding sentence that remain, after payment of the tax or other governmental charge, stock transfer, or registration fee, or other charge or fee to such Eligible Participant or Registered Owner entitled thereto as in the case of a distribution in cash.

• The Trust Administrator and the Trust shall have no liability for any loss of Underlying Shares occurring after the Delivery of Underlying Shares by the Custodian, as applicable, to the Eligible Participant (and for the avoidance of doubt, shall have no liability for any loss of Underlying Shares while held by the Custodian except to the extent of gross negligence or willful misconduct by the Trust Administrator, in each case as finally adjudicated by a court of competent jurisdiction).

• Neither the Trust nor any Registered Owner, Beneficial Owner, Eligible Participant, or Depositor shall have any rights or obligations by virtue of this Agreement, or the trust relationship created hereby in or to such independent ventures or the income or profits or losses derived therefrom, and the pursuit of such ventures, even if competitive with the activities of the Trust, shall not be deemed to be wrongful or improper.

• The Trust and the Trust Administrator will not incur any liability to any Registered Owner, Beneficial Owner, Eligible Participant, or Depositor by reason of any non-performance or delay in the performance of any act or thing that, by the terms of this Agreement, it is provided may be done or performed, or by reason of any exercise of, or failure to exercise, any discretion provided for in this Agreement.

• Every Registered Owner, Beneficial Owner, Eligible Participant, and Depositor, at the time any such amendment becomes effective, shall be deemed, by continuing to hold any Trust Certificates or an interest therein, to consent and agree to such amendment and to be bound by this Agreement as amended thereby.

More Definitions of Eligible Participant

Eligible Participant means an employee (including a leased employee), officer, director or consultant of the Company or any Affiliate.

Eligible Participant means any person who is an Officer, a Director, an Employee or a Consultant, including individuals who are foreign nationals or are employed or reside outside the United States;

Eligible Participant means any employee of the Employer and any Outside Director, subject to such limitations as may be provided by the Code, the Exchange Act or the Committee, as shall be determined by the Committee.

Eligible Participant means any Employee who is eligible to make a Participant Contribution, or an Elective Deferral, if Elective Deferrals are taken into account in the calculation of the Contribution Percentage, or to receive an Employer Matching Contribution (or a Forfeiture thereof) or a Qualified Matching Contribution.

Eligible Participant means any person who is a Non-Employee Director on the Effective Date or becomes a Non-Employee Director while this Plan is in effect; except that during any period a director is prohibited from participating in the Plan by his or her employer or otherwise waives participation in the Plan, such director shall not be an Eligible Participant.

Eligible Participant means (i) any individual who is a common-law employee of the Company or an Affiliate; (ii) a member of the Board of Directors; (iii) a member of the board of directors of a Subsidiary or an Affiliate; or (iv) a Consultant.

Eligible Participant means any employee (including a director) of, or any consultant to, the Company or an Affiliate of the Company;